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Some are starting to dig for the connections (you will not find in the major media)
Obama, Ayers, Annenberg, and ACORN: a family affair? td blog
"Factcheck.org, used as a resource by so many who wish to “debunk” negative coverage of Obama, is also a Division, or Project, of the Annenberg Foundation."

Well.....DUH!!! If you actually read the links I provided you would have read...

"McCain says in an Internet ad that the two "ran a radical 'education' foundation" in Chicago. But the supposedly "radical" group was supported by a Republican governor and included on its board prominent local civic leaders, including one former Nixon administration official who has given $1,500 to McCain's campaign this year. Education Week says the group's work "reflected mainstream thinking" among school reformers. The group was the Chicago Annenberg Challenge, started by a $49 million grant from the Annenberg Foundation, which was established by the publisher Walter Annenberg, a prominent Republican whose widow, Leonore, is a contributor to the McCain campaign.

(FactCheck.org, which is nonpartisan, also receives funding from the Annenberg Foundation. But we are in no way connected to the Chicago Annenberg Challenge, which finished its work long before we came into being in late 2003.)

For full details, please read on to our Analysis section."
FactCheck.org: "He Lied" About Bill Ayers?

"...But Ayers' views on education, though certainly reform-oriented and left-of-center, are not considered anywhere near as radical as his Vietnam-era views on war. And even if they were, there was a long list of individuals involved with the Chicago Annenberg Challenge whose positions provided them far more authority over its direction than Ayers' advisory role gave him.

Let's look at a few, starting with the funder. Annenberg was a lifelong Republican and former ambassador to the United Kingdom under President Richard Nixon. His widow, Leonore, has endorsed McCain. Kurtz might just as plausibly have accused Obama and the foundation of "translating Annenberg's conservatism into practice."

Among the other board members who served with Obama were: Stanley Ikenberry, former president of the University of Illinois; Arnold Weber, former president of Northwestern University and assistant secretary of labor in the Nixon administration; Scott Smith, then publisher of the Chicago Tribune; venture capitalist Edward Bottum; John McCarter, president of the Field Museum; Patricia Albjerg Graham, former dean of the Harvard University Graduate School of Journalism, and a host of other mainstream folks.

"The whole idea of it being radical when it was this tie of blue-chip, white-collar, CEOs and civic leaders is just ridiculous," said the foundation's former development director, Marianne Philbin."

and

"We could go on and on with evidence that the Chicago Annenberg Challenger was a rather vanilla charitable group. For example, under the deal with Annenberg every dollar from him had to be matched by two from elsewhere. The co-funders were a host of respected, mainstream institutions, such as the National Science Foundation, the John D. and Catherine T. MacArthur Foundation, the W.K. Kellogg Foundation and the Chicago Public Schools.

In short, this was a mainstream foundation funded by a mainstream, Republican business leader and led by an overwhelmingly mainstream, civic-minded group of individuals. Ayers' involvement in its inception and on an advisory committee do not make it radical – nor does the funding of programs involving the United Nations and African-American studies.

This attack is false, but it's more than that – it's malicious. It unfairly tars not just Obama, but all the other prominent, well-respected Chicagoans who also volunteered their time to the foundation. They came from all walks of life and all political backgrounds, and there's ample evidence their mission was nothing more than improving ailing public schools in Chicago. Yet in the heat of a political campaign they have been accused of financing radicalism. That's Pants on Fire wrong"
PolitiFact | A radical Ayers allegation